Oil & Gas in Belgium
Summary
Oil & Gas in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Synopsis
Essential resource for top-line data and analysis covering the Belgium oil & gas market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Key Highlights
- The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country.
- The Belgian oil & gas market had total revenues of $10.7bn in 2016, representing a compound annual rate of change (CARC) of -18.9% between 2012 and 2016.
- Market consumption volume increased with a compound annual growth rate (CAGR) of 1.2% between 2012 and 2016, to reach a total of 344.4 million BOE in 2016.
- Belgium is currently behind its renewable energy targets as set by the EU. In 2005 the country consumed 2% of its energy from renewable sources and it is supposed to bring this figure up to 13% by the year 2020. As of 2015 it had only come half the way with the consumption figure standing at 8%. This means that the country is likely to invest in renewable sources of energy production in the coming year which may reduce demand for oil and gas. An overall reduction in energy consumption levels from 60.9 mtoe in 2010 to 54.2 mtoe in 2015 has also reduced demand for oil and gas. The continuation of the above trends are some of the reasons explaining the deceleration in volume consumption levels in the forecast period.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Belgium
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Belgium
- Leading company profiles reveal details of key oil & gas market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Belgium oil & gas market with five year forecasts by both value and volume
Reasons to buy
- What was the size of the Belgium oil & gas market by value in 2016?
- What will be the size of the Belgium oil & gas market in 2021?
- What factors are affecting the strength of competition in the Belgium oil & gas market?
- How has the market performed over the last five years?
- What are the main segments that make up Belgium's oil & gas market?
